In the middle of recent exchange rate fluctuations, the governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, said that there are no macroeconomic foundations that justify a greater volatility of the dollar, attributing the movements observed to seasonal factors of September, such as the purchase of inventories for the end of the year sales.
During a meeting with economic authorities and leaders of the financial sector, Valdez Albizu explained that currency generating activities maintain their dynamism, projecting income higher than US $ 46,160 million for the closure of 2025.
In addition, it is estimated that foreign direct investment (FDI) will reach US $ 4,860 millionwhich will allow the current account deficit to be able to cover.
Exchange rate within the expected
This confirms that the behavior of the dollar remains aligned with the official forecasts.
Valdez Albizu also reported that the Monetary Board will know this week the modification of the exchange regulation, after a 30 -day public consultation process, which could further strengthen transparency and efficiency of the exchange market.
The economic authorities agreed that the Dominican economy continues to show recovery signals, and that the stability of the exchange rate is a reflection of a prudent and coordinated monetary policy. The Minister of Finance, Magín Díaz, reaffirmed the government’s commitment to promote the economy through greater public investment and tax coordination.
For their part, representatives of the financial system expressed their support for the measures taken by the Central Bank, highlighting the importance of maintaining the confidence of investors and preserving monetary stability.
